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The president’s first international summit of his second term comes ahead of a new tariff deadline and amid a Middle East crisis.
Trump had railed against former Prime Minister Justin Trudeau on Canadian soil at the 2018 Group of Seven summit, and he would yank the United States from a joint statement after he’d already departed.
The US has reached a new trade agreement with China under which all Chinese imports will face a 55% tariff, while American exports to China will be subject to a reduced 10% tariff. This was the result of two days of talks between diplomats from the two nations in London.
Bloomberg reporters unpack the latest round of high-stakes trade talks between the US and China, exploring why Beijing may still have the upper hand. They answer your questions on what's next in the "done" deal.
United States and Chinese officials said they had agreed on a framework for a trade truce, which removed China's export restrictions on rare earths.
STORY: From a new conflict sending oil prices soaring, to a trade war that might be cooling off, this is the Week in Numbers. GRAPHIC 14%Up to 14% was the initial jump for oil prices following news of Israel’s attack on Iran.
The deal removes Chinese export restrictions on rare earths minerals and allows Chinese students access to U.S. universities.
If a handshake agreement holds, it will merely undo some of the damage from the trade war that President Trump started.
Commerce Secretary Howard Lutnick said the European Union was tough to deal with, and securing a trade pact with the bloc would likely take longer than most other such deals. The EU "got a little reli
President Donald Trump's eventful week included securing a preliminary trade deal with China, deploying National Guard troops to Los Angeles, and responding to Israel's strikes on Iran.